Malaysia Nitrocellulose Market Size & Outlook, 2023-2030
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Malaysia nitrocellulose market highlights
- The Malaysia nitrocellulose market generated a revenue of USD 12.1 million in 2023 and is expected to reach USD 14.7 million by 2030.
- The Malaysia market is expected to grow at a CAGR of 2.9% from 2024 to 2030.
- In terms of segment, printing inks was the largest revenue generating application in 2023.
- Wood Coatings is the most lucrative application segment registering the fastest growth during the forecast period.
Nitrocellulose market data book summary
| Market revenue in 2023 | USD 12.1 million |
| Market revenue in 2030 | USD 14.7 million |
| Growth rate | 2.9% (CAGR from 2023 to 2030) |
| Largest segment | Printing inks |
| Fastest growing segment | Wood Coatings |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Printing Inks, Automotive Paints, Wood Coatings, Leather Finishes, Nail Varnishes, Other Applications |
| Key market players worldwide | Tennant Co, Noble Corp PLC Class A, Nitro, Hubei Aging Chemical Co., Sichuan Nitrocell, Nitrex, Synthesia, IVM Chemicals |
Other key industry trends
- In terms of revenue, Malaysia accounted for 1.5% of the global nitrocellulose market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China nitrocellulose market is projected to lead the regional market in terms of revenue in 2030.
- Vietnam is the fastest growing regional market in Asia Pacific and is projected to reach USD 12.4 million by 2030.
Printing inks was the largest segment with a revenue share of 28.1% in 2023. Horizon Databook has segmented the Malaysia nitrocellulose market based on printing inks, automotive paints, wood coatings, leather finishes, nail varnishes, other applications covering the revenue growth of each sub-segment from 2018 to 2030.
Malaysia import nitrocellulose mainly from China, Brazil and Thailand. As the printing inks, cosmetics and automotive sector are the largest growing sector in Malaysia, demand for nitrocellulose is also believed to rise. Cosmetics industry or personal care sector is considered to raise drastically, so as the demand of nitrocellulose.
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Nitrocellulose Market Scope
Nitrocellulose Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| IVM Chemicals | View profile | 501-1000 | Parona, Lombardia, Italy, Europe | http://www.ivmchemicals.com/it/ |
| Nitrex | View profile | 51-100 | New Delhi, Delhi, India, Asia | http://www.nitrex.in |
| Sichuan Nitrocell | View profile | 1001-5000 | Chengdu, Sichuan, China, Asia | http://www.sn-nc.com |
| Hubei Aging Chemical Co. | View profile | 51-100 | Wuhan, Hubei, China, Asia | https://www.aging-chem.com |
| Nitro | View profile | 101-250 | San Francisco, California, United States, North America | http://www.gonitro.com |
| Synthesia | View profile | 251-500 | London, England, United Kingdom, Europe | http://www.synthesia.io |
| Tennant Co | View profile | 4457 | 10400 Clean Street, Eden Prairie, MN, United States, 55344 | https://www.tennantco.com |
| Noble Corp PLC Class A | View profile | 3600 | 13135 Dairy Ashford, Suite 800, Sugar Land, TX, United States, 77478 | https://www.noblecorp.com |
Malaysia nitrocellulose market size, by application, 2018-2030 (US$M)
Malaysia Nitrocellulose Market Outlook Share, 2023 & 2030 (US$M)
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